LegalZoom Gets Green Light to Hire Attorneys in Arizona
The Arizona Supreme Court has signed off on the publicly traded company's application for an alternative business structure license.
October 01, 2021 at 02:03 PM
2 minute read
Consumer-facing online legal services platform LegalZoom, which went public in June at a valuation of $7 billion, has received approval from the Arizona Supreme Court for an alternative business structure license in the state.
The approval makes LegalZoom the most recognizable business to secure a license since the state did away with prohibitions on fee sharing and outside ownership of law firms at the start of 2021. It will allow the company to employ lawyers alongside its suite of online offerings.
"This is an exciting milestone for our company and those we will be able to serve in new ways," LegalZoom CEO Daniel Wernikoff said in a statement. "We intend to continue advancing our mission to democratize law by deeply integrating attorney expertise and support with LegalZoom's technology, process efficiencies, and commitment to providing affordable access to legal services."
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